The Kansas University Endowment Association
Also known as KU Endowment
The Kansas University Endowment Association reported $374.7 million in revenue and $486.6 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $91.34 went to program services, $5.43 to management and general costs and $3.23 to fundraising. Its largest source of revenue was contributions and grants: 68.7% of the total. Government grants made up 5.6%. The highest compensation it reported for one person was $785,133 (Treasurer/SVP Chief Investment Officer). 61 people received more than $100,000 in reportable compensation. Revenue rose 64% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $487MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $375MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 91.3% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 5.4% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.2% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.06 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 68.7% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 5.6% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 2.9% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $785,133 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.16% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 61 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 75.8 | 13.3 |
| Independent voting board members Part VI 1a–1b | 12 of 12 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseProgram and other educational support from private donors strengthens academic programs and brings top-flight scholars, thoughtful lecturers and breathtaking performances to KU. It also expands the scope of outreach programs throughout the state and supports valuable acquisitions by KU's libraries and museums
Faculty support includes over 200 named, endowed positions, including 5 new faculty support funds endowed during this fiscal year. Private funding augments salaries and supports awards, professional travel and professional development. This support is invaluable in creating the vibrant teaching and research environment that one expects at an international research university
Student Support - Virtually all privately funded scholarships, awards and fellowships provided by KU come from donor contributions to KU Endowment. This year, 108 new endowed scholarship and student support funds were created and about 9,273 students received financial assistance from privately funded scholarships at KU Endowment
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| Treasurer/SVP Chief Investment Officer Officer, 40.0 hrs/week | $707,426 | $0 | $77,707 | $785,133 |
| PRESIDENT Officer, 40.0 hrs/week | $532,362 | $0 | $80,062 | $612,424 |
| Sr VP, Chief Development Officer Key employee, 40.0 hrs/week | $379,645 | $0 | $177,221 | $556,866 |
| SECRETARY/SVP ADMIN & COO Officer, 40.0 hrs/week | $315,786 | $0 | $166,740 | $482,526 |
| VP Investments & Asst Treasurer Highest compensated employee, 40.0 hrs/week | $334,014 | $0 | $74,468 | $408,482 |
| VP, MEDICAL DEVELOPMENT Key employee, 40.0 hrs/week | $226,070 | $0 | $148,073 | $374,143 |
| General Counsel Highest compensated employee, 40.0 hrs/week | $255,473 | $0 | $103,382 | $358,855 |
| SR VP, PROPERTY MANAGEMENT Key employee, 40.0 hrs/week | $242,075 | $0 | $87,119 | $329,194 |
61 people received more than $100,000 in reportable compensation from The Kansas University Endowment Association (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.9M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b12 · 12 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5251
- Volunteers Part I, line 674
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| Cambridge Associates LLC Investment Consulting | $2,300,000 |
| CSL LLC Project Mgmt Consulting | $1,974,362 |
| Lathrop and Gage LLP Legal Services | $670,895 |
| Area Real Estate Investors Real Estate Services | $474,038 |
| Foulston Siefkin LLP Legal Services | $269,713 |
Individuals listed as contractors are left out. 16 contractors were paid more than $100,000 in all.
Private foundation grants it received
84 private foundations reported grants to The Kansas University Endowment Association totaling $38M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Kansas University Endowment Association's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Kansas University Endowment Association, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 The Kansas University Endowment Association spent in FY2025, $91.34 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Vassar CollegePoughkeepsie, NY · revenue $371M · programs 78.8% · FY2025
- Ohio State University FoundationColumbus, OH · revenue $379M · programs 90.7% · FY2025
- Samford UniversityBirmingham, AL · revenue $371M · programs 88.4% · FY2025
- New York Institute of TechnologyOld Westbury, NY · revenue $382M · programs 94.7% · FY2025
- Loyola University MarylandBaltimore, MD · revenue $369M · programs 85.9% · FY2025
Questions people ask
How much of The Kansas University Endowment Association's spending goes to programs?
In the fiscal year ending June 30, 2025, The Kansas University Endowment Association reported that 91.3% of its $486.6 million in expenses went to program services, 5.4% to management and general and 3.2% to fundraising (Form 990, Part IX).
How much does The Kansas University Endowment Association pay its top executive?
The largest total compensation The Kansas University Endowment Association reported for one person in the fiscal year ending June 30, 2025 was $785,133, for the role of Treasurer/SVP Chief Investment Officer (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Kansas University Endowment Association get its money?
Of $374.7 million in revenue in the fiscal year ending June 30, 2025, 68.7% came from contributions and grants (including 5.6% from government grants) and 2.9% from program service revenue (Form 990, Part VIII).
Is The Kansas University Endowment Association a registered charity?
The IRS lists EIN 48-0547734 as a 501(c)(3) organization (organization operated for a governmental college or university), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631329349306968 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501339349304880 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431319349305008 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341309349304859 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201329349302120 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111319349304761 · read the filing
All filings for EIN 48-0547734: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.